The Impact of Oil and Liquefied Natural Gas (LNG) Prices on Economic Sectors in Malaysia
The aim of this paper is to examine the impact of oil and LNG (Liquefied Natural Gas) prices fluctuation to economy sectors in Malaysia. We investigate four economics sectors in Malaysia namely industry, manufacturing, agriculture and services sector. Annual time series data were collected from 1985...
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| Format: | Article |
| Language: | English English |
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Universiti Malaysia Sabah
2017
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| Online Access: | https://eprints.ums.edu.my/id/eprint/33132/1/The%20Impact%20of%20Oil%20and%20Liquefied%20Natural%20Gas%20%28LNG%29%20Prices%20on%20Economic%20Sectors%20in%20Malaysia.pdf https://eprints.ums.edu.my/id/eprint/33132/2/The%20Impact%20of%20Oil%20and%20Liquefied%20Natural%20Gas%20%28LNG%29%20Prices%20on%20Economic%20Sectors%20in%20Malaysia1.pdf |
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| author | Nur Surayya Mohd Saudi Wong, Hock Tsen |
| author_facet | Nur Surayya Mohd Saudi Wong, Hock Tsen |
| author_sort | Nur Surayya Mohd Saudi |
| collection | UMS |
| description | The aim of this paper is to examine the impact of oil and LNG (Liquefied Natural Gas) prices fluctuation to economy sectors in Malaysia. We investigate four economics sectors in Malaysia namely industry, manufacturing, agriculture and services sector. Annual time series data were collected from 1985 to 2015.Econometrics methods like unit root, co-integration, VECM and causality test were tested to identify a long run relationship and causality from energy prices to economic sector. Data for economic sectors and energy prices were extracted from World Bank and Energy Information Administration (EIA). The empirical results found that all series are associated and move together in a long run but there is no short-run dynamics exist. Pairwise Granger causality test suggested that oil and LNG prices affect industrial and manufacturing sectors in Malaysia. |
| first_indexed | 2024-03-06T03:17:33Z |
| format | Article |
| id | ums.eprints-33132 |
| institution | Universiti Malaysia Sabah |
| language | English English |
| last_indexed | 2024-03-06T03:17:33Z |
| publishDate | 2017 |
| publisher | Universiti Malaysia Sabah |
| record_format | dspace |
| spelling | ums.eprints-331322022-07-12T12:55:55Z https://eprints.ums.edu.my/id/eprint/33132/ The Impact of Oil and Liquefied Natural Gas (LNG) Prices on Economic Sectors in Malaysia Nur Surayya Mohd Saudi Wong, Hock Tsen HD9506-9624 Mineral industries. Metal trade The aim of this paper is to examine the impact of oil and LNG (Liquefied Natural Gas) prices fluctuation to economy sectors in Malaysia. We investigate four economics sectors in Malaysia namely industry, manufacturing, agriculture and services sector. Annual time series data were collected from 1985 to 2015.Econometrics methods like unit root, co-integration, VECM and causality test were tested to identify a long run relationship and causality from energy prices to economic sector. Data for economic sectors and energy prices were extracted from World Bank and Energy Information Administration (EIA). The empirical results found that all series are associated and move together in a long run but there is no short-run dynamics exist. Pairwise Granger causality test suggested that oil and LNG prices affect industrial and manufacturing sectors in Malaysia. Universiti Malaysia Sabah 2017 Article PeerReviewed text en https://eprints.ums.edu.my/id/eprint/33132/1/The%20Impact%20of%20Oil%20and%20Liquefied%20Natural%20Gas%20%28LNG%29%20Prices%20on%20Economic%20Sectors%20in%20Malaysia.pdf text en https://eprints.ums.edu.my/id/eprint/33132/2/The%20Impact%20of%20Oil%20and%20Liquefied%20Natural%20Gas%20%28LNG%29%20Prices%20on%20Economic%20Sectors%20in%20Malaysia1.pdf Nur Surayya Mohd Saudi and Wong, Hock Tsen (2017) The Impact of Oil and Liquefied Natural Gas (LNG) Prices on Economic Sectors in Malaysia. Journal of BIMP-EAGA Regional Development, 3 (2). pp. 90-100. ISSN 2232-1055 https://jurcon.ums.edu.my/ojums/index.php/BIMP-EAGA/article/view/1045 |
| spellingShingle | HD9506-9624 Mineral industries. Metal trade Nur Surayya Mohd Saudi Wong, Hock Tsen The Impact of Oil and Liquefied Natural Gas (LNG) Prices on Economic Sectors in Malaysia |
| title | The Impact of Oil and Liquefied Natural Gas (LNG) Prices on Economic Sectors in Malaysia |
| title_full | The Impact of Oil and Liquefied Natural Gas (LNG) Prices on Economic Sectors in Malaysia |
| title_fullStr | The Impact of Oil and Liquefied Natural Gas (LNG) Prices on Economic Sectors in Malaysia |
| title_full_unstemmed | The Impact of Oil and Liquefied Natural Gas (LNG) Prices on Economic Sectors in Malaysia |
| title_short | The Impact of Oil and Liquefied Natural Gas (LNG) Prices on Economic Sectors in Malaysia |
| title_sort | impact of oil and liquefied natural gas lng prices on economic sectors in malaysia |
| topic | HD9506-9624 Mineral industries. Metal trade |
| url | https://eprints.ums.edu.my/id/eprint/33132/1/The%20Impact%20of%20Oil%20and%20Liquefied%20Natural%20Gas%20%28LNG%29%20Prices%20on%20Economic%20Sectors%20in%20Malaysia.pdf https://eprints.ums.edu.my/id/eprint/33132/2/The%20Impact%20of%20Oil%20and%20Liquefied%20Natural%20Gas%20%28LNG%29%20Prices%20on%20Economic%20Sectors%20in%20Malaysia1.pdf |
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